Find a drain plug repair kit that has a small plug inside a larger threaded "bushing".
Drain oil, allow to drip, then tilt car a bit so there's no more oil finding it's way to the hole, clean with brakekleen, then slather outer threads of bushing with epoxy, screw bushing in, and allow epoxy to harden.
You now a have new drainplug hole with new threads.
Here's an example, it may take some searching to find one to fit your thread, or you may need to retap once more, but it's a permanent fix for the problem.
If you are a friend have a lathe, it would be EASY to make one, been there, done that.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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